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    USD to AUD 2024 Forecasts

    Analysis of recent Dollar→Aussie forecasts for 2024. We collate forecasts from respected FX analysts together with the latest US dollar to Australian dollar performance and trends.


    Forecasts for USD to AUD

    USDAUD chart
    90-DAY LOW1d
    1-DAY +1.4%

    Based on the latest market updates and forex strategists' views, the USD to AUD exchange rate could be poised for interesting shifts. FX analysts surveyed by Reuters project that the U.S. dollar, which has been buoyed by strong economic performance and high Treasury yields, is likely to maintain its strength toward the year-end. This resilience has been sustained despite global growth concerns and issues in China affecting overall risk appetite. Nevertheless, looking ahead into 2024, economists forecast a modest softening of the U.S. dollar as the Federal Reserve gears up for a possible cut in interest rates. Such a shift aligns with the wider economic landscape that presents a complex mix of factors, with global growth slowing down and various geopolitical and economic uncertainties exerting influence on currency valuations.

    In contrast, most bank forecasts are optimistic about the future trajectory of the Australian dollar, predicting a rise influenced by various factors including interest rates, commodity prices, and the global risk climate. The interest rate differential has historically pressured the AUD, especially during periods when the Reserve Bank of Australia (RBA) lagged in rate hikes. However, the market view suggests that as other countries may cut rates ahead of Australia, the gap in interest rates is expected to narrow, which is likely to bolster the AUD’s value in 2024. Additionally, the AUD has shown a change in course as of November, when it began a trend upward to approximately 0.66 USD, propelled by the speculation that the U.S. interest rate cycle had reached its zenith while the RBA still had further rate hikes in store. The connection between the AUD and global risk appetite, along with changes in commodity prices and trade policies, particularly for Australia's major export such as iron ore, continues to be a significant indicator for the currency's outlook. Notably, the current USD to AUD exchange rate of 1.5047 is 3.1% below the 3-month average of 1.5524, with a relatively stable range, suggesting that market participants will be closely watching for any shifts in the economic and policy narratives that could prompt more significant currency moves.

    @bestfxrates : 📉 USD to AUD Update: FX analysts indicate the dollar will hold its ground into year-end, supported by robust economic data & high yields. Yet as 2024 approaches, economists predict a softer USD on potential Fed rate cuts. Meanwhile, AUD's rise seems imminent, backed by interest rate trends & commodity dynamics. Current rate at 1.5047, eyes on policy shifts for major moves. #CurrencyWatch #Forex #USD #AUD

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    USD to AUD Market Data

    US dollar (USD) to Australian dollar (AUD) market data - latest interbank mid-rate, trend, chart & historic rates.

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    1.5200We compare provider deals to this wholesale mid-market rate. Read more
    USD to AUD at 1.5216 is 2.0% below its 3-month average of 1.5522, having traded in a quite stable 5.9% range from 1.4985 to 1.5869
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    90-DAY LOW1d
    1-DAY +1.4%

    Compare & Save - US dollar to Australian dollar

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Australian dollar (AUD) rates from different sources before making a conversion.

    Use our USD to AUD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Dollar to Aussie currency rates and the possible savings of using various providers.

    20 Nov 2023
    0.9% 2 Week
    05 Sep 2023
    3.7% 3 Month
    04 Dec 2022
    2.9% 1 Year
    05 Dec 2018
    9.8% 5 Year
    06 Dec 2013
    37.5% 10 Year
    09 Dec 2003
    12% 20 Year
    USD/AUD historic rates & change to 04-Dec-2023

    Will the US dollar rise against the Australian dollar?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add USD/AUD to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Read our Currency guide to Australia - a practical currency and money guide to travel, living and doing business in Australia with the Australian dollar.


    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more